Previously I shared two ideas of ICX with you, one was a formation of in USD marker and the other was the formation of pattern in the Bitcoin market.
The price action of Icon coin turned in USD market and produced more than 100% profit rally sofar. In the meanwhile, it has also completed the final leg of in the Bitcoin market.
ICX with USD pair move:
ICX with BTC pair move:
An formation and EMAs:
On the long-term weekly chart, in US dollar market the price action of ICX coin has formed an and also using exponential moving averages with the time period of 10 and 21 as support. This time the EMAs 10 and 21 have just formed a bull cross and the priceline is turned .
On the long term weekly chart, the priceline of ICX has broken out the $0.46 and $0.55 resistance levels and trying to break out the key level resistance of $0.65. If the $0.65 will be broken out then there is no significant resistance that can be found up to $2.39 as per the Binance exchange. Therefore it is possible that once the price action will break out the $0.65 then it will also break out the resistance of an up-channel that has been formed on the weekly chart.
Alligator mouth and a parabolic move:
On the long-term weekly chart, the simple moving averages with the time period of 25, 50, and 100 have formed an opened alligator’s mouth and lifting the price action to the upside. This move is turning parabolic now.
Similar parabolic move expected like XLM:
The same parabolic move can be seen in the XLM chart as well, therefore we can expect that now the price action of ICX will turn more strong parabolic like XLM to lead the altcoins bull run.
As the price action of Icon coin has already turned in the USD market but it can turn more as it has just completed a big move in the Bitcoin market.